Yeti Stock Plunges Amid Sales Downturn and Cautious Consumer Spending
Yeti, the renowned maker of high-end coolers, steel tumblers, and outdoor gear, faces a sharp decline in its stock price following a less-than-expected performance in its recent earnings report. On Thursday, shares plummeted by 12% to $42.35, marking its steepest drop since August 4, 2022. This downturn brings the total yearly loss to 18%, reflecting investor apprehension towards the company's future profitability.
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